Industry News

CNH opens large factory in Brazil
Milwaukee Journal Sentinel (March 8, 2010) - CNH Global, a Racine manufacturer of farm tractors and construction equipment, has opened a factory in Brazil that will employ 3,000 people.

AGCO partners with Atlantic and Southern Equipment
Equipment World (March 3, 2010) - AGCO Corporation partnered with Atlantic and Southern Equipment to provide sales, parts and service for AGCO's Challenger and application equipment products throughout Alabama and northwest Florida.

Pioneer to build $55-million soybean facility in Southeast Mo.
AgProfessional (March 4, 2010) - DuPont and the state of Missouri announced that Pioneer Hi-Bred plans to construct a commercial and parent soybean seed production facility in New Madrid County, Mo. The $55-million project is one of many expansions Pioneer is making to ensure it meets rising demand for its products and helps farmers meet the strong global demand for grain.

Challenging conventional wisdom on cap and trade
Successful Farming via Agriculture Online (March 5, 2010) - At the Commodity Classic in Anaheim, California, Friday, a Washington expert who works with farmers on carbon policies tried to shatter some myths about cap and trade legislation still being considered in Congress.

Biodiesel, ethanol may team up to seek long-term tax credits
Successful Farming via Agriculture Online (March 7, 2010) - As Congress finishes work on a second jobs bill, the biodiesel industry may soon get its $1-a-gallon tax credit that expired last year restored. But because it's a tax credit that must be renewed annually, the soy-based fuel plants that are operating at only 14% capacity will have to go to Congress again for support.

Two ASABE Agricultural Equipment Standards are being revised
ThomasNet News (March 5, 2010) - ASABE and AEM are working to revise ANSI/ASAE S279.14, Lighting and Marking of Agricultural Equipment on Highways. Possible additions may be to incorporate rotary beacons or strobe lights as well as LEDs on agricultural equipment.

CNH Global names new CFO
Milwaukee Business Journal (March 8, 2010) - CNH Global NV, parent of Case operations in Racine, said Monday that it has appointed Richard Tobin as its new chief financial officer, replacing interim CFO Steve Bierman.

Lighter fuel taxes at the end of biodiesel's long tunnel
Successful Farming via Agriculture Online (March 2, 2010) - A stalled-out biodiesel industry could be revived soon by a $150-billion Senate bill that would extend unemployment benefits.

JCB pledges $100,000 worth of support for Chilean quake victims
AgriMarketing (March 4, 2010) - JCB Chairman Sir Anthony Bamford has pledged assistance worth $100,000 to help in the rebuilding efforts in the wake of the Chilean earthquake disaster.

Bankruptcy court approves Accuride's reorganization plan
Farm Equipment via AgriMarketing (March 1, 2010) - Accuride Corporation announced that the United States Bankruptcy Court for the District of Delaware has confirmed the Company's Plan of Reorganization.